2 days ago · The Fed hiked interest rates to a 23-year high of 5.25% to 5.5% to fight a historic inflation surge. After holding rates at that level through parts of 2023 and 2024, the Fed began lowering its ...

Jan 2, 2025 · The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances.

2 days ago · The Fed held interest rates steady at its first meeting of 2025 as the central bank embarked on a new phase of policy-setting after a series of cuts that began in September 2024.

1 day ago · The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, …

United States Fed Funds Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. The benchmark interest rate in the United States was last recorded at 4.50 percent.

2 days ago · View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates. The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m.